After costs, if the gap returns to its 7d average, $10k−$38
spread now+0.010%7d average−0.015%fees + slippage, in and out−$40spread needed0.401%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PENDLEUSDT | 2.5655 | 0.0072 | pay 0.0072% / 8h | 5h 45m | $28.1M | $36.0M | 75x |
| Short | edgeX PENDLEUSDC | 2.5657 | 0.0100 | get 0.0050% / 4h | 1h 45m | $25K | $417K | 10x |
Binance PENDLEUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $0.97
- Funding while held
- $0.83
- Slippage, 4 orders
- −$21.1
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$38.3
- Spread needed to break even
- 0.401%
Slippage from Binance: live order book, 13 min ago; edgeX: live order book, 55 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0028%
- Per $10,000 a day
- +$0.83
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 13 min ago | 0.20 bp | 12.0 bp −$12 | 25.4 bp −$254 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 55 min ago | 2.36 bp | 7.8 bp −$8 | 64.9 bp −$649 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5280cheapestExtended2.5654+1.479%
Injective
ExtendedBinance2.5655+1.483%
BingX2.5655+1.483%Aevo2.5658+1.495%SunX2.5659+1.499%Bybit2.5660+1.503%Gate2.5660+1.503%MEXC2.5660+1.503%Aster2.5661+1.508%Lighter2.5664+1.519%Reya2.5665+1.525%Bitget2.5666+1.527%Orderly2.5666+1.527%OKX2.5670+1.543%Kraken Futures2.5671+1.546%BloFin2.5671+1.547%ApeX Omni2.5672+1.551%Deribit2.5675+1.563%Variational Omni2.5676+1.565%Paradex2.5678+1.573%KuCoin2.5680+1.582%GMX2.5683+1.593%Polymarket Perps2.5684+1.598%dYdX2.5692+1.629%Hyperliquid2.5696+1.646%Backpack2.5715+1.721%Coinbase International2.5720+1.741%
BingX
Aevo
SunX
Bybit
Gate
MEXC
Aster
Lighter
Reya
Bitget
Orderly
OKX
Kraken Futures
BloFin
ApeX Omni
Deribit
Variational Omni
Paradex
KuCoin
GMX
Polymarket Perps
dYdX
Hyperliquid
Backpack
Coinbase InternationalPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.462% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Extended PENDLE-USD | −0.004% | +0.0072% | 1h | $169K | $519K | 10x | as long as short |
| Binance PENDLEUSDTlong | 0.000% | +0.0072% | 8h | $28.1M | $36.0M | 75x | |
| BingX PENDLE-USDT | 0.000% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| edgeX PENDLEUSDCshort | +0.010% | +0.0100% | 4h | $25K | $417K | 10x | |
| Aevo PENDLE-PERP | +0.012% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| SunX PENDLE-USDT | +0.016% | +0.0100% | 8h | $1K | $1.6M | 20x | as long as short |
| Bybit PENDLEUSDT | +0.019% | +0.0100% | 8h | $16.0M | $12.0M | 50x | as long as short |
| Gate PENDLE_USDT | +0.019% | +0.0100% | 8h | $826K | $1.0M | 75x | as long as short |
| MEXC PENDLE_USDT | +0.019% | +0.0072% | 8h | $17.1M | $2.1M | 125x | as long as short |